Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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IOTX price has gained 10% today: Here is where to buy

IOTX logo on a mobile phone screen

The live IOTX price today is $0.12 with a 24-hour trading volume of $172.7 million. the token has been trending the whole week and gained 10% in the last 24 hours.

Look no further than this short article for the details on its native token IOTX, whether it’s worth investing in, and the best places to buy it now.

Top places to buy IOTX now

As IOTX is such a new asset, it’s yet to be listed on major exchanges. You can still purchase IOTX using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy IOTX right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for IOTX

Now that you’re connected, you’ll be able to swap for 100s of coins including IOTX.

What is IOTX?

Starting as an open-source project in 2017, IoTeX (IOTX) built a decentralized platform to empower the open economics for machines. This was conceived as an open ecosystem where people and machines can interact with guaranteed free will and trust.

IoTeX developed an EVM-compatible blockchain from scratch using the innovative Roll-DPoS consensus. It was launched in April 2019.

On top of the IoTeX blockchain, the team created the essential blocks of infrastructures to connect with Ethereum, BSC, and Heco blockchains. IoTeX helps EVM-based DApps scale without concerning expensive gas fees.

The blockchain also features middleware such as Decentralized Identity, Confidential Computing, and Secure Hardware to enable self-sovereign devices like Ucam. It has been deployed to thousands of households.

Should I buy it today?

According to Statista, the Internet of Things sector could be worth more than $1.5 trillion by the end of 2025. As a sector token, this development could impact IOTX positively. On the other hand, it could fall victim to the fickle volatility of IoT.

IOTX price prediction

Gov Capital predicts a slight increase for IOTX – to just $0.15 in a year’s time. In five years, it will have risen to $0.61.

Wallet Investor is more optimistic. They see the token rising to around $0.19 in 2023 and $0.61 in February 2027.

Trading Beasts is very slightly bullish, estimating 1 IOTX will only increase to $0.12 this year. It will trade for $0.16 at the end of 2025.

IoTeX on social media

The post IOTX price has gained 10% today: Here is where to buy appeared first on Coin Journal.

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Theta price is up again, rising 23% in 24 hours: Where can you buy it?

Theta Cryptocurrency Symbol

Theta Network has been rallying since the beginning of the month, when Resorts World Las Vegas announced they were launching utility NFTs on it, the first ever from a major Las Vegas casino.

It is also gathering momentum for the large number of patents it is filing, the latest one of which they filed today.

If you are attracted to unique features and want to learn how and where to buy it, this guide is for you.

Top places to buy Theta now

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What is Theta?

Theta (THETA) is a blockchain powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.

The project is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch. Theta’s token performs various governance tasks within the network.

Its enterprise validators include Google, Binance, Blockchain ventures, Gumi, Sony Europe and Samsung.

According to its developers, Theta aims to shake up the video streaming industry in its current form. Centralization, poor infrastructure and high costs make for a poor end user experience. Content creators also earn less revenue due to the barriers between them and users.

Should I buy it today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.

Theta price prediction

CryptoNewsZ is extremely bullish on THETA, predicting it will rise from its current price of about $4 to $20 as soon as September of this year and $25 by December. In 2025, they forecast it will pass $70.

Gov Capital is also positive. They predict it will trade for just under $10 in one year and for $55.29 in five, which is up more than 1,200%.

Digital Coin is a bit less bullish. This year, they set a price target of $7 and of $11 in 2025. While on the conservative side, this is still an upside of more than 150% from the current price.

Theta on social media

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Shiba Inu price jumps 50% over the past week: What is fueling the rally?

Shiba Inu Coin

Shiba Inu has experienced a tremendous rise over the past week as it tries to correct the recent price drop that resulted from the crypto market plunge. However, it is currently struggling below $0.000031.

SHIB has bounced back 50% over the last seven days despite its current pullback of about 5.61% by the time of writing.

Shiba Inu price hike

One of the factors attributed to the SHIB price jump is its listing on Foxbit, the top Brazilian crypto exchange. Foxbit platform has over 950,000 registered customers.

The listing of Shiba Inu by Foxbit shows the growing popularity of the meme coin in Brazil since Foxbit is not the first of the Brazilian exchanges to list SHIB. In December 2021, Mercado Bitcoin, the country’s largest exchange announced that it had listed the meme coin.

After the news of the Foxbit listing, Shiba Inu jumped to become the 4th largest coin in terms of the trading volume.

There is also last week’s news of Shiba Inu’s plans to join the metaverse world. The ‘Shibverse,’ which is the intended Shiba Inu metaverse project, was revealed on Tuesday last week resulting to s significant SHIB price movement.

Despite the current Shiba Inu coin bullish outlook, some analysts are of the view that the uptrend could be short-lived. Norok, A crypto market analyst, is one of the skeptical analysts. He termed all the current uptrend as excellent short opportunities.

Norok said:

“Each rally, far from being the fresh breath of hopium owners desire, has provided excellent short opportunities for months…’This one is a clear pullback to test and hold Resistance and a good opportunity to add to the short where profit was taken at the start of January.”

At the moment, all eyes are on the upcoming Shiba Inu metaverse ecosystem that is expected to propel the SHIB coin to new highs as the launch of metaverse projects gathers momentum within the crypto space.

The post Shiba Inu price jumps 50% over the past week: What is fueling the rally? appeared first on Coin Journal.

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Bill Miller: Bitcoin is an insurance against financial catastrophe

  • Legendary investor Bill Miller compared Bitcoin to an insurance policy, noting that it may lack intrinsic value but duly comes in handy in case of a catastrophe.

  • Miller said he still holds a significant portion of Bitcoin in his portfolio.

  • BTC price climbed above $45,000 on Thursday, jumping above the resistance level amid high volatility in the market.

Bitcoin is what investors need to hedge against financial catastrophe, legendary investor Bill Miller said in an interview with CNBC.

According to the fund manager, who in January revealed that he held a significant chunk of his personal wealth in Bitcoin, the cryptocurrency acts „like an insurance policy.“

Explaining his analogy, the famed investor told CNBC that people go for insurance even when they know that the policies do not have intrinsic value.

The former chief investment officer at Legg Mason Capital Management Value Trust said that it is exactly this factor (a lack of intrinsic value) that makes people want to get insurance. It’s not because they wish to see their property destroyed or hope to get into an accident, but because the insurance always comes in handy if the calamity ever happened.

„Bitcoin is insurance against financial catastrophe,“ he explained in comments referenced by Insider. 

Miller also commented on his crypto portfolio, noting that his earlier allocation in BTC grew exponentially during the bull market to Bitcoin’s peak in November. Although the holdings had taken a hit during the recent market slump, the investor said he still held a „big position.“

On overall adoption of cryptocurrencies, the investor says the trend will see major banks, endowments, and pensions funds add Bitcoin to their balance sheets. According to him, the move by KPMG Canada is the beginning of a major shift.

Bitcoin was trading around $45,350 at the time of writing, about 3% up in the past 24 hours and over 22% up this past week. Today’s market action saw the cryptocurrency sharply fluctuate as markets reacted to fresh inflation data from the US.

The run to intraday highs above $45,600 included a sharp decline below $44,000, but analysts are bullish the crypto bull market is not over yet. 

The post Bill Miller: Bitcoin is an insurance against financial catastrophe appeared first on Coin Journal.

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Terra (LUNA) jumps 18% in seven days: this is what is fuelling LUNA’s price rise

Terra (LUNA) has seen a tremendous rise over the past week as it tries to correct the recent price drop that resulted from the recent crypto market plunge. At the time of writing, it was trading at $56.30 after a 2.4% rise in the last 24 hours.  

LUNA is the native token of Terra, a blockchain protocol that uses fiat-pegged stablecoins to influence the price of global payment systems. It has a trading volume of $1,202,143,126, a circulating supply of 400 million LUNA coins, and a total supply of 819 million.

Let’s now focus on why the Terra (LUNA) has been rallying in the last seven days.

Forces behind current Terra (LUNA) price rise

One of the reasons behind the current uptrend is the announcement of Terra’s sports sponsorship deal with Major League Baseball’s (MLB) Washington Nationals, a major milestone for the growing blockchain that can be termed as the first-ever decentralized autonomous organization (DAO) vote on sports sponsorship deal in history.

According to last week’s formal proposal from the DAO on Terra’s governance platform to the LUNA community, Terra offered $38.5M for a five-year sponsorship deal for the Nationals.

In the proposal they said:

‘’We started dedicated sports coverage at Bitcoinist last year, and we can firmly say we’ve never seen a sports sponsorship deal quite like this one. It is the first time we’ve seen a community vote through a DAO mechanism – most certainly around a deal secured with a ‘big 4’ league (which consists of the NFL, MLB, NHL, and NBA) in North America… ’We’ve covered quite a bit of ubiquitous sports sponsorship and partnership deals throughout the past year or so, and admittedly, an MLB team was not on our shortlist. The NBA has arguably been the leader in crypto-related deals, including a league-wide deal with Coinbase, and vocal team owner advocates, such as Mark Cuban. Additionally, other headline deals, such as Crypto.com’s acquisition of the downtown Los Angeles arena naming rights, and the NBA’s broader initiatives into blockchain-related properties (think Dapper Labs and Top Shot) have given the league a particularly unique position.’’

MLB has previously worked with Candy Digital and Topps around NFTs; however, the team’s specific deals have been few and the same applies to the NHL and NFL which have also shown limited engagement in blockchain and crypto so far.

For Terraform Labs and Terra, it’s a unique move not only because of the league but also because of its location in the US policymaking, Washington DC.

The deal comes at a time when Terra’s UST stablecoin has established itself as the leading decentralized stablecoin. Terra ecosystem is longing to establish growth that will go beyond the blockchain’s flagship Anchor Protocol product.

In a statement released by the Nationals, Terraform Labs founder Do Kwon stated:

“By approving this sponsorship deal, the community has a new way to engage and educate the public, including the policymakers doing important work in Washington, D.C., about decentralized money and the burgeoning technology that underlies it.”

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